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Overview Due to damage from severe storms, tornadoes and flooding in Tennessee, FEMA has declared the following counties a disaster. Incident Period: March 25, 2021 – April 03, 2021 State FEMA Disaster Declaration Counties Tennessee May 08, 2021 Davidson, Williamson and Wilson Re-Inspection by Product Type If your loan is … A re-inspection is required […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, May 31, 2021 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, June 1, 2021. Additionally, the CMS Lock Desk will close early on Friday, May 28, 2021 at 11:00 A.M. PST due to […]

Overview Due to damage from severe storms, straight-line winds, and tornadoes in Alabama, FEMA has declared the following counties a disaster. Incident Period: March 25, 2021 - March 26, 2021 State FEMA Disaster Declaration Counties Alabama April 26, 2021 Bibb, Calhoun, Clay, Hale, Jefferson,Perry, Randolph and Shelby Re-Inspection by Product Type If your loan is […]

Overview Due to damage from Severe Storms, Flooding, Landslides and Mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: February 27, 2021 - March 14, 2021 State FEMA Disaster Declaration Counties Kentucky April 23, 2021 Breathitt, Clay, Estill, Floyd, Johnson, Lee, Magoffin, Martin and Powell Re-Inspection by Product Type If your […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Monday, April 19, 2021, CMS will re-introduce Second Homes and introduce Investment Properties as available occupancy types for the Carrington Prime Advantage loan program. General Highlights Refer to the Carrington Prime Advantage Matrix and Guidelines for detailed requirements. Max LTV Second Homes: Up to […]

Overview Due to damage from severe winter storms in Louisiana, FEMA has declared the following parishes (counties) a disaster. Incident Period: February 11, 2021 - February 19, 2021 State FEMA Disaster Declaration Parishes Louisiana March 9, 2021 Avoyelles, Bienville, Bossier, Caddo, Calcasieu, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, Franklin, Grant, La Salle, Madison, […]

Overview Effective March 8, 2021, Carrington Mortgage Services, LLC (CMS) is pleased to announce the following enhancements for the Prime Advantage and Investor Advantage loan programs. Pricing Improvements **Significant pricing improvements for Prime Advantage, CFA+, and Investor Advantage programs, including new “floor” rates! Prime Advantage Program Increased Loan-to-Values (see matrix for details) Cash Out now […]

Overview As a reminder, with the new Uniform Residential Loan Application (URLA) mandate, Carrington Mortgage Services, LLC (CMS) will require all mortgage lenders to provide a v3.4 file with all new loan submissions. Contacts Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.

Overview Due to damage from the severe winter storms in Texas, FEMA has declared the following counties a disaster. Additional updated counties are shown in bold. Incident Period: February 11, 2021 and continuing State FEMA Disaster Declaration Counties Texas February 19, 2021 Anderson, Angelina, Aransas, Atascosa, Austin, Bandera, Bastrop, Bee, Bell, Bexar, Blanco, Bosque, Bowie, […]

Overview Effective March 1, 2021, Carrington Mortgage Services, LLC (CMS) will require the new IRS Form 4506-C, IVES Request for Transcript of Tax Return for all loan submissions. As of the March 1, 2021 effective date, the IRS will only accept the new 4506-C form through their Income Verification Express Service (IVES) to provide tax […]